Debt Settlement

If you’re feeling overwhelmed and struggling with high debt payments, we want to help! The stress of worrying about creditors coming after the money owed can be enough for some people.

Many people face a financial crisis at some point in their life. From personal and family health issues to job loss or overspending your budget — you are not alone. We know it is overwhelming, and you need to know there is help.

When it comes to debt, there’s no such thing as a one-size-fits-all solution. That’s why debt settlement could be the right choice for you.

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What is debt settlement?

Debt settlement is the process of negotiating with creditors to reduce the amount of outstanding debt. The goal of debt settlement is to reach a deal in which the debtor (you) pays less than the total amount owed on the debt. This reduced payment is called a “settlement” or “agreement” amount.

Debt settlement programs are an alternative to ignoring the debt or filing for bankruptcy!

what is debt settlement
how does debt settlement work

How Does Debt Settlement work?

Debt settlement can definitely be done by yourself. However, there are important things you should know before taking on the challenge. Collection agencies are paid and trained to recoup their client’s money. They do not have your best interest at heart

This is where a debt settlement company like Roundleaf Steps in. We can help mediate the process to protect your best interest and get you the best deals!

Save Time and Money

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Benefits of Debt Settlement

With any debt relief program, the ultimate goal is to regain your financial freedom to enable you to make better financial decisions. To do that, reduction of debt is critical. The benefits of debt settlement to reduce or eliminate debt include:

debt settlement benefits

  • Often as much as 60% of debt is reduced or forgiven. This number is the goal and could be higher or lower, depending on the creditor and type of debt.

  • Debt settlement could prevent future lawsuits and court judgments.

  • Collection calls stop.

  • Minimizes the need to file bankruptcy.

  • Can improve credit score.

  • Debt settlement lowers your monthly payment and frees up cash flow to plan for future financial goals.

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Types of Debts Eligible for Settlement

For the most part, credit card debt and personal loans tend to be the best candidates for debt settlement because settlements have a better probability of recouping their money. 

However, it is harder to negotiate agreements with medical debt or government loans, such as student debt. It is not impossible, but student loans comes with three stipulations that the average person may not realize:

You typically pay 90% of the debt for settlements.

You have to check constantly for any government forgiveness programs.

If you are behind, you are required to complete a trial period before they reinstate you.

Since banks usually issue private student loans, they have a better chance of settling a debt for less than what is owed.

You can settle or resolve these past due debts

Credit Card Debt

Credit Card

Credit Card

Auto Repossession

Auto Repossession

Personal Loan

Personal Loans

Utility Bills

Utility Bills

Mortgage Repossession Balance

Mortgage Repossession Balances

Private Student Loan

Private Student Loans

Apartment Leases

Apartment Leases

Cell Phone Bills

Cell Phone Bills

Find out if debt settlement is the right choice for you.

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WE’RE HERE TO ANSWER YOUR QUESTIONS

Considering Debt Settlement?

You do not have to accept being financially insecure or stressed, and you do not have to carry the debt burden alone.

Roundleaf Inc. can help! Our goal is to help you through your financial and economic challenges and lead you to your financial goals.

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considering debt settlement

How our process works

We will start with a discovery consultation either by phone, video chat, or in-person at one of our four convenient locations.

During our discovery, we will listen to not only your situation but will evaluate and determine what debt relief program is right for you. We evaluate your income, expenses, and credit report. We then strategize with YOU to formulate a realistic budget and help you optimize your finances to reach your goals.

We offer two debt settlement plans and will help you determine which program is best for you based on your ability to pay off the debt settlement.

Management Plan

Flexible payment plan based on your ability to pay off the debt settlement

Preferred Plan

Lump sum payment of the debt settlement

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Can you settle private student loans?

Since banks usually issue private student loans, they have a better chance of settling a debt for less than what is owed.

What if the debt collector or creditor does not settle?

While a creditor is not obligated to settle, debt settlement is a way they can recover more of their money in one lump sum, than hiring costly debt collection services or hiring a lawyer.

Who Qualifies For Debt Settlement?

Typically, anyone that has accumulated debt they cannot afford to pay their monthly payment will qualify for the debt settlement program

What makes a good candidate for debt settlement?

A good candidate for debt settlement is someone who has a lot of high-interest debt, such as credit card debt and is unable to keep up with the monthly payments.

We help you rebuild

Our debt settlement program can improve your credit score by resetting your total debt. While we are always looking for ways to improve your financial portfolio, we also provide you with education and guidance on how you can have a clear path towards your needs by finding interest rate saving opportunities. We help you change your spending habits with a budgeting approach that is developed for your lifestyle.

Don’t try to fight your debt collectors alone; we can help you resolve your past overdue balances and your current financial situation with the help of the debt settlement program.

Contact Roundleaf to
get started towards your financial freedom!